Alphabet Inc. GOOGL, +1.45% GOOG, +1.53% is considering cutting 10,000 jobs, according to a report on The Information, which says the layoffs would amount to 6% of the tech giant’s workforce. The company may employ a ranking system that would eliminate the lowest-ranked “poor-performing” employees, the report said.
In a post on the company’s corporate site, Dave Limp, senior vice president of Amazon’s devices and services business, said the company would consolidate some teams and programs. “One of the consequences of these decisions is that some roles will no longer be required,” he said. Limp didn’t specify how many roles would be affected.
Axios reported that the San Francisco-based company laid off several hundred workers. “Our sales performance process drives accountability,” said a Salesforce spokesperson in a statement emailed to MarketWatch. “Unfortunately, that can lead to some leaving the business, and we support them through their transition.”As of February 2022, the customer-relationship-management software company had over 78,000 employees globally.
Now read: ‘A layoff is awful but we can’t avoid it:’ Redfin lays off 13% of staff as housing market slows downBeyond Meat Inc. BYND, +0.86% made fresh job cuts in October, slashing about 19% of its global workforce. The company also issued a revenue warning amid softness in the plant-based-meat category, along with increased competition and inflation pressures. Beyond Meat said it will book a roughly $4 million one-time cash charge in the third quarter to cover the job cuts.
Now read: Facebook parent Meta begins mass layoffs of 11,000 workers as Mark Zuckerberg says, ‘I take responsibility’
A lot of this is due to getting rid of hired employees and replacing them with contract workers. Also weeds out employees who insist on working from home.
Tech Job Market Boom Bust!!
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